Burlington Stores Inc (NYSE:BURL) Given Consensus Recommendation of “Buy” by Analysts
Shares of Burlington Stores Inc (NYSE:BURL) have received a consensus recommendation of “Buy” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $182.06.
BURL has been the subject of several research analyst reports. Deutsche Bank increased their price objective on Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Robert W. Baird assumed coverage on Burlington Stores in a research report on Tuesday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Credit Suisse Group raised United Microelectronics from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 24th. Wedbush upped their target price on Wintrust Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th.
Burlington Stores stock traded up $1.68 during mid-day trading on Tuesday, hitting $182.31. The company’s stock had a trading volume of 879,731 shares, compared to its average volume of 1,122,260. The stock’s 50 day moving average is $172.71. The firm has a market cap of $12.02 billion, a P/E ratio of 28.31, a PEG ratio of 1.51 and a beta of 0.27. The company has a current ratio of 0.93, a quick ratio of 0.26 and a debt-to-equity ratio of 11.41. Burlington Stores has a 52-week low of $136.30 and a 52-week high of $184.57.
In other news, insider Fred Hand sold 6,486 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $178.62, for a total transaction of $1,158,529.32. Following the transaction, the insider now owns 62,558 shares of the company’s stock, valued at approximately $11,174,109.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $165.16, for a total value of $3,303,200.00. Following the transaction, the chief executive officer now directly owns 309,483 shares in the company, valued at approximately $51,114,212.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,256 shares of company stock worth $13,471,516. 1.86% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of BURL. NEXT Financial Group Inc grew its holdings in Burlington Stores by 5.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock valued at $239,000 after buying an additional 73 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Burlington Stores by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,585 shares of the company’s stock valued at $610,000 after buying an additional 85 shares during the last quarter. Emerald Advisers LLC grew its holdings in Burlington Stores by 0.7% in the 1st quarter. Emerald Advisers LLC now owns 13,444 shares of the company’s stock valued at $2,106,000 after buying an additional 87 shares during the last quarter. Shine Investment Advisory Services Inc. grew its holdings in Burlington Stores by 101.1% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after buying an additional 91 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Burlington Stores by 147.2% in the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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